Shriram Pistons & Rings Reports Robust Q1 Results with 14.9% Revenue Growth Aug 07, 2025
Shriram Pistons & Rings Limited reported robust Q1 financial results. Consolidated total income grew 14.9% year-on-year to Rs. 9,917.00 million, while EBITDA increased 16.5% to Rs. 2,234.00 million. PAT rose 15.1% to Rs. 1,348.00 million. The company outperformed the automotive industry's 1% growth, attributing success to diversification into marine engines, defense applications, and EV motors. Export business remains strong, accounting for 18-20% of total sales across 45 countries. The company continues to focus on innovation, sustainability, and exploring strategic partnerships for future growth.
Shriram Pistons & Rings to Acquire Karna Intertech for ₹50 Crore, Boosting Die Casting Capabilities
Shriram Pistons & Rings Limited (SPRL) is set to acquire a 100% stake in Karna Intertech Private Limited for ₹50 crore. The acquisition, expected to complete by April 15, 2025, aims to strengthen SPRL's position in the automotive components industry and enhance its die casting capabilities. Karna, a key supplier of gravity die casting moulds, will help SPRL integrate its supply chain, protect intellectual property, ensure quality, and support long-term growth. The move is anticipated to positively impact SPRL's operations through vertical integration, technology enhancement, and capacity expansion.